Through the use of automatic cash sweep arrangements, you can put your excess funds to work by sweeping funds into interest-earning accounts* or fully insure your deposits by placing them in the IntraFi network, all while earning competitive interest rates.
Ideal for when you desire a designated account for specific clearings (i.e. payroll) but don't want to maintain qualifying balances in the account while it is not in use.
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*Federal law requires us to inform you of the effect that this sweep arrangement can have on the FDIC Insurance coverage of your funds. Amounts in your bank deposit account will be insured up to the applicable FDIC insurance limit until they are swept out of your account into a money market mutual fund.